Switzerland holds referendums on raising retirement age and introducing a 13th monthly pension payment; the latter proposal faces opposition from the government and parliament.
Switzerland is holding referendums on pensions and retirement age. A proposal to gradually raise retirement age from 65 to 66 is expected to fail, while a second proposal backed by Swiss trade unions for a 13th monthly pension payment similar to the "13th month" salary in many European countries could pass, according to recent opinion polls. However, the government and parliament oppose the 13th monthly pension proposal, arguing it would cost over four billion Swiss francs a year and threaten the financial stability of the social security system. The outcome of both proposals remains uncertain.
March 02, 2024
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